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Be the first with the news that moves the market- Adamera Minerals Corp. (ADZ) has identified a new gold zone on the VTEM-1 target at the Buckhorn 2.0 Gold Project
- Drill hole BM22-02 intersected shallow gold zones on each side of a massive magnetite skarn
- Trace element geochemistry is pending for drill hole BM22-02
- The Adamera projects are located in a gold district which has reportedly produced over 17 million ounces of high-grade gold
- Adamera Minerals Corp. is exploring a high-grade gold deposit near Republic, Washington
- Adamera Minerals Corp. (ADZ) opened trading at C$0.055
Adamera Minerals Corp. (ADZ) has identified a new gold zone on the VTEM-1 target at the Buckhorn 2.0 Gold Project in Washington State.
Drill hole BM22-02, an angled hole drilled from west to east, intersected shallow gold zones on each side of a massive magnetite skarn. The upper western zone returned 3.8 g/t gold over 1.2m from 12.8m to 14m downhole. The lower eastern zone yielded 4.0 g/t gold over 1.6m from 22.8m to 24.4m depth. The magnetite unit itself has elevated gold values.
| Zone | From (m) | To (m) | Interval (m) | Gold (g/t) |
| Upper | 12.8 | 14 | 1.2 | 3.8 |
| Magnetite | 14 | 22.8 | 8.8 | 0.2 |
| Lower | 22.8 | 24.4 | 1.6 | 4.0 |
Mark Kolebaba, President and CEO of Adamera Minerals, commented on the news.
“I certainly don’t underestimate the significance of this new mineralization. BM22-02 intersected gold zones very close to surface, leaving a significant strike length for follow-up drilling. VTEM1 will be ranked with other targets as we design our follow-up program.”
In the upper zone, gold is associated with brecciated skarn containing silica, sulphide and magnetite infill. Both zones appear to have undergone late-stage gold enrichment. Significantly, the BM22-02 intersections fall within a well-defined magnetic target associated with VTEM-1. The magnetic anomaly is traceable for several hundred metres and is well-defined for follow-up drilling.
Geophysical modelling of data associated with VTEM-1 generated a conductive steeply-dipping tabular zone suggestive of sulphides within a magnetite skarn. The Buckhorn gold mine, located 700m from VTEM-1, is a gold-rich skarn with magnetite and sulphides that has a comparable geophysical signature.
The mined-out Kinross Buckhorn mine produced 1.3 million ounces of gold at a grade of 13 g/t. The nearby Kettle River gold mill is currently under care and maintenance.
Trace element geochemistry is pending for drill hole BM22-02. The company has received results for other targets and is currently reviewing the data. Drilling at Lamefoot South is currently underway.
Adamera Minerals Corp. is exploring a high-grade gold deposit near Republic, Washington. The Adamera projects are located in a prolific gold district which has reportedly produced over 17 million ounces of high-grade gold.
Adamera Minerals Corp. (ADZ) opened trading at C$0.055.
